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It has been a common complaint that the architects of the financial crisis
have escaped punishment, but Wall Street’s banks were unable to dodge almost
$20 billion of penalties that were imposed on them yesterday.

In one settlement, a group of ten leading banks, including JPMorgan Chase,
Bank of America and Citigroup, agreed to pay $8.5 billion to resolve claims
that they had botched the handling of mortgage foreclosures in the wake of
the 2008 crisis.

The money will go to about 3.8 million people who wrongly lost their homes or
were threatened with foreclosure. The banks have also agreed